Xplore Financing Update

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Summary

This agreement represents a meaningful positive milestone for Xplore and will provide significant benefits to our customers and other key stakeholders.The financing will fund the construction of fibre-to-the-home networks in rural communities across Canada. With this investment, Xplores expanded fibre networks will provide life-changing internet access to even more underserved areas. Enabled by its market-leading spectrum portfolio and best-in-class Canada-based teams, Xplore is excited to roll out world class 5G-enabled fixed wireless technologies across its footprint. Xplore expects to finalize the investment over the coming weeks.Xplore Inc. is Canadas fibre, 5G and satellite broadband company for rural living. Xplore is building world-class fibre optic and 5G wireless networks to enable innovative broadband services for better every day rural living, for today and future generations.

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